Noram Lithium (CVE:NRM) Given a C$1.14 Price Target at Fundamental Research

Fundamental Research set a C$1.14 price target on Noram Lithium (CVE:NRM) in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Noram Lithium Stock Performance

Shares of NRM opened at C$0.10 on Thursday. The firm has a market capitalization of C$8.46 million, a P/E ratio of -1.58 and a beta of 1.26. Noram Lithium has a 52 week low of C$0.09 and a 52 week high of C$0.38. The stock has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 26.78 and a current ratio of 4.57.

About Noram Lithium

Noram Lithium Corp., through its subsidiary, Green Energy Resources Inc, engages in the acquisition, exploration, and development of mineral exploration properties. It holds 100% interests in the Zeus lithium project with 146 placer claims and 136 lode claims covering an area of 1,113 hectares located in Clayton Valley, Nevada, the United States.